EX-11 3 k69552ex11.txt COMPUTATION OF NET EARNINGS PER SHARE Exhibit (11) - Statement Re: Computation of Earnings Per Share COMPUTATION OF EARNINGS PER SHARE Comerica Incorporated and Subsidiaries (In thousands, except per share data)
Three Months Ended March 31, ------------------- 2002 2001 -------- -------- Basic: Average shares outstanding 176,160 177,679 ======== ======== Net income $214,164 $ 93,592 Less preferred stock dividends - 4,275 -------- -------- Net income applicable to common stock $214,164 $ 89,317 ======== ======== Basic net income per share $1.22 $0.50 Diluted: Average shares outstanding 176,160 177,679 Nonvested stock 260 156 Common stock equivalent: Net effect of the assumed exercise of stock options 2,068 2,413 -------- -------- Diluted average shares 178,488 180,248 ======== ======== Net income $214,164 $ 93,592 Less preferred stock dividends - 4,275 -------- -------- Net income applicable to common stock $214,164 $ 89,317 ======== ======== Diluted net income per share $ 1.20 $ 0.50